RichC | September 30, 2008
Life needs a little perspective. I’m spending far too much time concerned over things I have little control over — the economic mess. What I can do, is get motivated to work on my Sonex project and this video of USAF test pilot Roger Tanner and Sonex founder John Monnett might be just what I [...]
RichC | September 29, 2008
It was a rough day on Wall Street, but nothing like it will be if they aren’t able to pass a bill to keep money flowing in the U.S. When paychecks are no long being cashed and layoffs start occurring in full force, their will be blood. For most, the losses are currently just on [...]
RichC | September 29, 2008
Money lending … this wouldn’t be the first time society gets carried away with borrowing more than realistically we can pay back under the terms of a contract — what started it and is there a solution? Was it the Fannie and Freddie backed loans to those without the incomes to borrow during the 1990s? [...]
RichC | September 29, 2008
Like many investors, I’ve been watching the reaction to the bank melting down on Wall Street. All who are invested in America (and rippling overseas) are going to be impacted in real estate value, stock value, bond security and the ability of our government to remain sound. This devaluation will no doubt slow our economy [...]
RichC | September 29, 2008
Although there is enough blame to go around, here’s a partisan CSPAN video that at least shows that a couple legislators were trying to get a handle on the business practices and corruptions going on over at Fannie Mae and Freddie Mac back in 2004. When people “ask where the oversight and regulators” during these [...]
RichC | September 28, 2008
I’m reading the latest document from Capital Hill on the government’s rescue effort from my congressman John Boehner. (PDF – September 28, 2008 | 6:31 pm) Also, here is the letter from the Office of Management and Budget on Rescue to Boehner’s office (see below).
RichC | September 28, 2008
Hurricane Kyle is heading just west of Halifax Nova Scotia today and could leave many without power and create more than just a disruption along thia pristine coastline. Each inlet, which already experiences significant tides, could have additional water along with wind and rain heading their way. Most of us don’t think of hurricanes affecting [...]
RichC | September 28, 2008
Not that it matters, but the Cincinnati starting quarterback Carson Palmer is just sitting on the sideline today as he watches his 0-3 Bengals take on the equally struggling Cleveland Browns. According to reports, he is capable of playing, but his elbow is sore after receiving beatings in the first three game. The franchise quarterback [...]
RichC | September 28, 2008
As I watch a bit of news before bed early Sunday morning, congress negotiators look to have come up with a ‘bailout’ plan. The whole group of leaders are walking out smiling at 12:28 AM and Nancy Pelosi announced that they have a “package to stabilize markets” and “protect citizens and taxpayer.” They still need [...]
RichC | September 27, 2008
No real winner, no real loser … that’s the conclusion in my unscientific reading of the newspapers and websites garnered this morning. I thought both candidates handled themselves well considering the heavy focus on Capital Hill over the economic crisis. Both candidate are in support of government coming to the aid of our nations’ banks. [...]
RichC | September 26, 2008
It’s always great to see these headlines … New VW Jetta Diesel Tops Prius in Fuel-Economy Marathon Test … although its a bit misleading. The Prius still tops the 2009 VW Jetta TDI with DSG in the city, but the clean diesel surpasses the Toyota Hybrid on the highway (Jetta: 45.4 MPG | Prius: 44.8 [...]
RichC | September 25, 2008
On Wednesday night, President Bush addressed the nation in order to explain the economic crisis and layout the administration’s plan in order prevent a “deep recession.” From studying the comments from the past few day, this credit crisis isn’t going away without some kind of intervention by the government … and if a Republican is [...]